Alexander X Reports On the State of Southern California Public Companies.Business Editors SAN DIEGO--(BUSINESS WIRE)--Feb. 11, 2002 A recently released research report from Alexander X Inc. indicates that almost half of all Southland south·land or South·land n. A region in the south of a country or an area. south  land·er n.Noun 1. publicly traded technology companies lost money last year. Forty-nine percent of companies traded either on the NYSE NYSE See: New York Stock Exchange , AMEX AMEX See: American Stock Exchange or Nasdaq lost money in their most recent 12-month reporting period. In total, all public technology companies made less than 0.5% on aggregate revenue. Research indicates that the ability to make money is a function of size. Eight of the 10 largest companies made money while eight of the 10 smallest lost money. Larger companies tend to have greater market share and have been around longer. Smaller companies are hoping to trade today's earnings for tomorrow's growth. "Most surprising," stated Alexander X Inc. President Stephen Meyer, "is that San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. County public companies were far more likely to lose money than in the rest of Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . Fully 75% of San Diego County technology companies lost money last year." Although San Diego tends towards the Bioscience and smaller public companies, neither fully explains the anomaly Abnormality or deviation. Pronounced "uh-nom-uh-lee," it is a favorite word among computer people when complex systems produce output that is inexplicable. See software conflict and anomaly detection. . Telecom and Internet based companies appear to lead the list of money losers as expansion in these two industries during the late nineties outpaced sustainable revenue growth. Alexander X Inc. tracks more than 10,500 Southern California technology companies of which about 5% are public. Alexander X Inc. provides research into California's technology trends and publishes 12 reference directories on California technology companies. |
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